Report Information - Report Title: PTA Daily Report - Date: July 8, 2025 - Research Team: Energy and Chemical Research Team of Jianxin Futures - Researchers: Li Jie, Ren Junchi, Peng Haozhou, Peng Jinglin, Liu Youran, Li Jin, Feng Zeren [1][3] 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - On July 7, the closing price of PTA's main futures contract TA2509 was 4,710 yuan/ton, down 28 yuan/ton or 0.59%. With international crude oil fluctuating narrowly and PTA's fundamentals lacking major new news, PTA prices are expected to fluctuate within a narrow range [5] 3. Summary by Directory 3.1 Market Review and Operation Suggestions - The closing price of PTA's main futures contract TA2509 on July 7 was 4,710 yuan/ton, down 28 yuan/ton, with a trading volume of 863,534 lots and a decrease of 2,777 lots. The closing price of TA2601 was 4,640 yuan/ton, down 24 yuan/ton, with a trading volume of 169,785 lots and an increase of 11,751 lots. Due to the narrow - range fluctuation of international crude oil and the lack of major new news in PTA fundamentals, PTA prices are expected to fluctuate narrowly [5] 3.2 Industry News - The strong US job market supports the Fed to keep interest rates unchanged. Investors await clarification of President Trump's tariff plans. OPEC and its allies are expected to further increase crude oil production in August, leading to a cautious decline in international oil prices. On July 4, the electronic trading price of WTI crude oil futures for August 2025 was $66.50 per barrel, down $0.50 or 0.75%. The settlement price of Brent crude oil futures for September 2025 was $68.30 per barrel, down $0.50 or 0.73%. The Asian xylene market continued to decline, with FOB South Korea closing at $715/ton and CFR China at $735/ton. The PTA price in the East China market was 4,802 yuan/ton, down 34 yuan/ton, and the daily average negotiation basis was at a premium of 98 yuan/ton over futures 2509, remaining stable [6] 3.3 Data Overview - The report presents multiple data charts, including international crude oil futures prices, upstream raw material spot prices, PX prices, MEG prices, PTA futures prices, basis, processing margins, spreads, PTA warehouse receipts, polyester factory load rates, PTA downstream product prices, and PTA downstream product inventories, with data sources from Wind and Jianxin Futures Research and Development Department [10][12][16]